Author Archives: enterpriseam admin
What the markets are doing on 4 December 2023
The EGX30 rose 2.8% at today’s close on turnover of EGP 4.9 bn (63.1% above the 90-day average). Local investors were net sellers. The index is up 73.1% YTD. In the green: B Investments Holding (+10.9%), E-Finance (+9.5%) and Fawry (+5.9%). In the red: Alexandria Mineral Oils Company (-1.1%).
DECEMBER 4-26 December (Sunday-Tuesday): Ali Badrakhan’s cinema, Zawya Cinema, Downtown. 4-9 December (Sunday-Saturday): City of the Lights Christmas Bazaar at Galleria40. 4-9 December (Sunday-Saturday): Christmas Book Fair at AUC Tahrir. 4-16 December (Sunday-Saturday): Tutankhamun: The Immersive Exhibition at the Grand Egyptian Museum. 4 December (Monday): What Have the Years Done to Us play at AUC […]
El Sisi meets IMF boss + the EGP posts gains against the USD in the black market
Good morning, wonderful people, and happy December. It’s almost inconceivable, but 2023 is now drawing to a close. A BIG, HAIRY, IMPORTANT PSA- You need to call in your IT boss for a talk about securityamid an unconfirmed report that a second Egyptian blue chip has been hacked by LockBit, the world’s most successful ransomware […]
DISCOVER SOMABAY: Embark on a journey of discovery in the heart of Somabay, where crystal-clear waters meet golden sands and luxury meets serenity. Experience a world of adventure, relaxation, and natural beauty like no other. From thrilling water sports to world-class golf, Somabay offers it all. Explore vibrant coral reefs, unwind in luxurious spas and […]
We have a lot of foreign debt to repay next year
That’s more than a quarter of the country’s total external debt
Net foreign liabilities hit record high in October as FX pressure mounts
Net foreign assets widened to negative USD 27.2 bn from USD 26.8 bn
Auto sales recovery stutters in October
Sales fell 9% in October after posting their best month in a year in September
China’s Befar wants to build USD 2 bn chemicals production complex
The complex will be powered by renewable energy sources and create 1k jobs